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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by dbeaudeon Nov 13, 2013 10:58pm
208 Views
Post# 21904286

RE:Correct me if I'm wrong...

RE:Correct me if I'm wrong...Hi Templetooth. Their current annual principal payment is $52 million plus interest paid quarterly on the 15th of the month. So under the current long term debt arrangement they will be obligated to pay $12.875 million in principal and about $4.5 million in interest for a total of about $16.4 million. I suspect that they will have a new debt facility in place by that time as the current amortization is too short and onerous.
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